The right tools can make cryptocurrency trading exciting and straightforward, even though it is challenging and not advised for beginners. Bitget Exchange is one of the top cryptocurrency exchanges and provides a wide range of crypto coins and tokens for marketing. For crypto newbies, it will be simple to quickly get used to trading cryptocurrencies on an exchange that offers a One-Click copy trade.
With the One-Click Copy Trade feature, which allows Bitget users to copy the actions of other professional traders, traders can trade through the spot or futures markets with little cost associated with trading.
Because of this, this exchange will be appealing to traders who are serious about trading cryptocurrencies. So if you are already thinking about Bitget, sit back while we take you on a long ride explaining Bitget and its service in this Bitget review article. So what is Bitget?
What is Bitget?
BitGet is a crypto exchange that lets its customers trade digital assets such as Bitcoin, Ethereum, BNB, and more. The platform offers both spot and trading futures along with copy trading, which is quite a new concept and has not been introduced by many exchanges as of now, 2023.
To safeguard its users’ assets, Bitget employs the best Cybersecurity Rating. It uses multiple signatures, a hybrid hot-cold wallet system, a bank-level data encryption standard (DES), server security (SS) infrastructure, a robust risk control system, and an integrated deep packet inspection (DPI) active defense system.
The operating systems that Bitget Exchange supports include Windows, Mac, iOS, and Android. The platform is stable, thanks to the trading system, which can complete up to 100,000 trades per second.
The Bitget App is available on Google Play and the Apple Store and supports English, Chinese, Vietnamese, Korean, and Japanese.
Where is Bitget located?
Bitget Exchange is based in Singapore, but it also has regional offices there, as well as in China, South Korea, and Japan. Additionally, it is spreading to SEA nations such as the Philippines, Vietnam, India, and Indonesia.
Bitget is a reputable exchange because it holds regulatory licenses from the US, Canada, and Australia. Additionally, they have financial exchange permits for the US, Canada, Singapore, and Australia.
Who created Bitget?
The Bitget Group, a digital financial company, launched Bitget in April 2018 as a centralized cryptocurrency. Sandra Lou is the CEO, with Intae Song serving as the Chief Sales Officer.
Global leaders in social media, financial software, cryptography, and investment make up the team at Bitget. SNK, 8 Decimal Capital, and An Lan Capital are a few of the top investment companies that help to raise Bitget Exchange’s value and solve its liquidity issues.
Is Bitget legit?
Yes, Bitget is legitimate and secure for trading and other crypto activities. Bitget is a reputable exchange because it holds regulatory licenses from the US, Canada, and Australia.
1. Trading Fees
Unlike other exchanges, which normally charge 0.2% fees for spot trading, Bitget, however, has a standard trading fee of 0.1% for both makers and takers making it more user-friendly than other popular exchanges.
Bitget Charges a standard trading fee of 0.02% from makers and 0.06% from takers in future trading.
2. Withdrawal Fees
A BitGet withdrawal’s cost varies depending on the asset, the network’s condition at the time, and other factors. Bitget does not support fiat withdrawals as of now.
For example, the fee for withdrawing Bitcoins is 0.0005 bitcoin per withdrawal. For ETH withdrawals, you pay 0.005 ETH.
3. Bitget Deposit Fees
Depositing cryptocurrency to your Bitget accounts is free of charge. For instance, if you use an over-the-counter (OTC) service, you can buy USDT with Chinese Yuan (CNY) through Alipay Bank Transfer. But there is a variable fee when making purchases through third-party payment merchants.
There are multiple ways available for users to deposit into Bitget and buy cryptocurrencies with fiat currencies. Users can use payment methods such as Visa, Mastercard, and Google Pay to Buy crypto. That’s not all Exchange also features P2P trading and Bank deposits.
Pros and Cons of Bitget Exchange
The Copy Trade feature of Bitget exchange appears to be its most advantageous feature. You can mechanically imitate successful traders’ trading techniques using this feature.
- Bitget has low transaction fees
- Strong regulatory foundation
- It doesn’t charge you any fees if you want to buy cryptocurrency.
- Restricted nations and/or areas have few services and educational resources.
- Customer service could be enhanced.
Bitget How-to Guide
How to use Bitget
You must register as a member before using the Bitget exchange. And this demands that you set up your Bitget account if you are new. Here is the process you need to set up a Bitget account.
1. Visit the Bitget Official Website
The first step is to go to Bitget’s website to get started with the website. Visit bitget.com through the button below (an exclusive referral code from Coin Labs is automatically applied) or download the iOS or Android app to begin the process. (more information about how to sign up for Bitget)
2. Complete the Signup Process
On the app or website, click “Sign Up” in the top right corner. To register, pick a phone number or email address, enter the address or number, pick a password, and accept the terms of service. You can create a new user account by providing an email address or a phone number.
3. Solve the Captcha
After completing the captcha, enter the code sent to your phone or email. If the process is successful, prepare to make your first deposit. To guarantee that you have access to a 200 BTC withdrawal limit, complete the verification process.
4. Verify Your Identity
Click the “Verification” button on your account information page or the ID verification tab to begin the procedure. Afterward, take these actions.
- Input your name
- Pick an ID type
- Specify the ID number.
- Upload a photo of the ID’s front and back and a selfie in which you are holding a piece of paper with the words “Bitget” and the current date.
- After you click “Submit,” Bitget will confirm your identity before raising your limits.
5. Purchase or Deposit Crypto
You should fund your account with your first deposit to use Bitget’s services for the first time. Click on the “Deposit Crypto” button to begin the process.
How to Buy Bitget crypto
You can purchase Bitget tokens on other top wallets. Here’s how you can buy Bitget tokens.
1. Set up a wallet
For this example, we use a self-custody wallet like Coinbase Wallet to purchase a Bitget token. This Wallet is available for download as a browser extension and a mobile app.
The next step is to configure your Coinbase Wallet after downloading your wallet. Select a username to make it simple for other wallet users to send you cryptocurrency. For access to the account, you will undoubtedly need this name.
It is recommended to write these down and keep them in a safe location or to use Coinbase Wallet’s cloud storage and backup options. This crucial phrase is the key to your crypto, which means anyone who knows your recovery phrase can access your crypto. If you forget your recovery phrase, no exchange—not even Coinbase—can grant you access to your wallet.
2. Set aside gas fees
You will need to pay some network fees before processing can start, and these fees change depending on how active the network is or how complex the transaction is. Your preference for quick transaction completion is another factor that affects the gas fee.
3. Buy Bitget token
With ETH in your wallet, you can start the process by tapping on the button to swap your ETH for Bitget Token right in the mobile app or browser extension.
Choose Bitget Token as your asset when you click the “Swap” icon on the Assets tab. You must exercise caution when determining how much to exchange for Bitget Token. To cover these expenses, always keep extra ETH on hand.
How to trade in Bitget
Bitget provides spot trading, leverage, and derivatives trading, but it primarily focuses on the latter. Derivative trading is the speculation of an asset’s future price movement through the purchase or sale of derivative contracts.
The buying or selling of goods, financial instruments, or foreign currencies are all included in spot trades. Spot trading is a fantastic way to earn money quickly, but there is no guarantee that you will be profitable, and you run the risk of losing money if the market declines.
Leverage trading entails using borrowed funds to increase one’s trading position beyond what would be possible with their cash balance. Leveraged trading has the potential to generate sizable profits but also sizable losses. Again, the smaller the opposite price movement must be for you to lose your investment, the more leverage you are using.
To begin trading on Bitget, ensure you’ve finished the verification process and made your initial deposit. Afterward, transfer your cryptocurrency from your spot wallet to your new wallet.
Select the cryptocurrency or asset you want to trade on the Bitget website. If you selected USDT Margined Futures, the trading view appears. On there, you can switch to a different language or currency. You can change the trading time, high and low values, and trading duration.
Can I use Bitget in the US?
Yes! Bitget is available in the US. Bitget claims to have licenses from Canada, Singapore, the US, and Australia on its website. This indicates that investors from each of these nations are welcome to trade at Bitget.
Bitget exchange is a good option if you’re looking for a robust crypto trading exchange. Just remember that the cryptocurrency market is risky and unstable despite the excellent trading platform you are using. (More information about how to use Bitget and how to deposit on Bitget)
Review and basic information of Bitget are as follows.
|Crypto Exchange Basics||Bitget|
|Exchange Representative (Founder)||Sandra Lou|
|Bitget Launch Date||2018-04|
|Number of Tradable Crypto Pairs||844 Pairs|
|Weekly Visits||1,621,083 Users|
|Overall Rating||⭐ 3.8 / 5.0|
Bitget Fee 2023
The fees charged to you for transactions at Bitget are as follows.
|Maker/Taker Fees||Bitget Transaction Fees|
|Spot Maker Fee||0.2%|
|Spot Taker Fee||0.2%|
|Derivatives Maker Fee||0.04%|
|Derivatives Taker Fee||0.06%|
Bitget Trading Volume
Trading Volumes of Bitget are as follows. (Based on CoinMarketCap 2023-09-25 14:41:11 data)
|Trading Volume Items||Bitget Trading Volume|
|Daily Trading Volume (24h)||4,368,862,599,335 KRW|
|Weekly Trading Volume (7d)||48,179,649,706,243 KRW|
|Monthly Trading Volume (30d)||264,998,560,475,896 KRW|
|Daily Volume Change (24h)||88.83%|
|Weekly Volume Change (7d)||-10.05%|
|Monthly Volume Change (30d)||-38.56%|
Communicate with Bitget
You can check exchange's messenger and SNS information in the table below.
Who founded Bitget exchange?
Bitget was founded in 2018 by Sandra Lou.
Where is Bitget located?
Currently, Bitget's headquarters is known to be located in the Singapore.
How many cryptocurrencies are tradable on Bitget?
If you join Bitget, you can trade a total of 844 crypto pairs.
How much is Bitget trading fee?
Bitget has a spot maker fee of 0.2% and a taker fee of 0.2%. On the other hand, the maker fee for futures trading is 0.04% and the taker fee is 0.06%. Please note that these fees are for regular users, and the higher your membership level within Bitget, the lower the fees.
How much is Bitget trading volume 24h?
Bitget's trading volume 24h is 4,368,862,599,335 KRW. Furthermore, the daily trading volume is showing a 88.83% change from the previous day.
How much is Bitget weekly trading volume?
Bitget's weekly trading volume is 48,179,649,706,243 KRW, with a total of 1,621,083 users. Furthermore, Bitget's weekly trading volume is showing a change of -10.05% from the previous week.
How much is Bitget monthly trading volume?
The monthly trading volume of Bitget is 264,998,560,475,896 KRW. Furthermore, this month's trading volume is showing a change of -38.56% compared to the previous month.